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and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions who have already enrolled in the only medicare supplement plans endorsed by aarp, an organization serving the needs of people 50 and over for generations... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. call today. rememb
the medicare eligibility age to 67 over a certain amount of time. making changes to cost of living. statements to soegt social security. right now there is nothing on the table. that was obama's opening bid. the republicans were miffed at him, they knew he wouldn't give them exactly what they'd accept. a few said they were inch superintendented like that. again you don't want to negotiate with yourself, you want to start over here and get in the middle to set up some type of deal. don't expect any deal until christmas at the earliest. >> reporter: let's go back to the tax cuts you're talking about. president obama wants to raise revenue by taxing those making $250,000 or more a year. it rises from 33% and 35% today to 36% and 39.6%, i believe. but that would only generate about 85 billion a year. according to the treasury department, the federal government spends that amount every eight 1/2 days. do you think that the point is purely political for the president since that's what he campaigned on? >> that is what speaker john boehner said, is that washington has a spending problem, not a tax pr
to bank specific things the white house would give. perhaps an increase in the medicare age. perhaps a change in the cpi in terms of how social security is doled out. the idea that's what the plan would possibly look like. that was a movement more towards the center. as president obama said it's unacceptable. when i was walking over here i spoke to a senior republican senator and he pretty much said look, we accept that eventually these rates on the 250 or above are going to have to go up. we should try to bank something. whether that be something to bring back to our conference saying we lost the 250 or above but we got the medicare age raised. we were able to get significant entitlement reform. that is most likely what some deal is going to look like. there is a belief amongst house republicans andrea, that president obama is playing smart politics on this. he's taking this cliff all the way to the edge, the possibility that he's okay with the country going over it, with the idea that he can fracture republicans on the tax issue. remember, republicans have been ability lowering tax
the better of them, if you want did slow the growth of medicare it is like throwing granny off the cliff they have to get off this. >>guest: what this is holding everything back, the public relations aspect is hurting the republicans. at this point it seems like they increase a lose lose situation so they should draw a line in the sand somewhere because any are going to be blamed for the outcome no matter what. >> this is not a competition between democrats and republicans. you have to give this or that. there is something here. >> it is a competition of ideology. what is the magic of the top 2 percent or 5.58 joe,"? what is the magic of $250,000? >> there is compromise all over the place. >>neil: guys, i thank you all. now as i try to save the country, we have a democratic congressman who heads the congressional black caucus, and congressman, good to see you, again. here is what worried me, now, you and the organization have said, look, not the time for entitlements, don't talk about raising medicare age, and, i think you closed off a huge bit of spending. that is not progress. >>guest:
entitlement cuts, specifically, medicare. and i'm told that speaker john boehner is open to that if the president is able to make that kind of deal. far from clear at this point. there is still a big trust issue from the white house, from the republicans in the white house, namely in speaker john boehner. >> as we keep saying, if we're not careful, compromise may break out in washington, david gregory, "meet the press," as always, thank you. >>> and as the u.s. prepares its final withdrawal from afghanistan after more than 11 years of war. the president, karzai, got attention today after very tough words for the united states. it came after our exclusive interview with aty tmore from k live. attia, good evening. >> reporter: good evening, brian, the u.s. has been at war here for more than ten years, more than 2,000 american lives have been lost, and billions of dollars spent. so it might come as a surprise that the president of afghanistan, america's ally, told me that the u.s. is partly to blame for the insecurity that continues here. but that was his unmistakable messag
medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it helps pick up some of what medicare doesn't pay. and could save you thousands in out-of-pocket costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral to see a specialist. so don't wait. call now and request this free decision guide to help you better understand medicare... and which aarp medicare supplement plan might be best for you. there's a wide range to choose from. we love to travel -- and there's so much more to see. so we found a plan that can travel with us. anywhere in the country. [ male announcer ] join the millions of people who have already enrolled in the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. remember, all
healthcare can help you find the right plan. open enrollment to choose your medicare coverage begins october 15th and ends december 7th. so now is the best time to review your options and enroll in a plan. medicare has two main parts, parts a and b, to help cover a lot of your expenses, like hospital care... and doctor visits. but they still won't cover all of your costs. now's the time to learn about unitedhealthcare plans that may be right for you. are you looking for something nice and easy? like a single plan that combines medicare parts a & b with prescription drug coverage? a medicare advantage plan can give you doctor, hospital and prescription drug coverage all in one plan... for nothing more than what you already pay for part b. you'll also have the flexibility to change doctors from a network of providers dedicated to helping you stay healthy. plus with the pharmacy saver program, you can get prescriptions for as low as $2 at thousands of pharmacies in retail locations like these, all across the country. call now to learn more. unitedhealthcare has the information you need so you'll be
life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it helps pick up some of what medicare doesn't pay. and could save you thousands in out-of-pocket costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral to see a specialist. so don't wait. call now and request this free decision guide to help you better understand medicare... and which aarp medicare supplement plan might be best for you. there's a wide range to choose from. we
probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs every year. call today to request a free decision guide. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. if you're thinking about your options, call today. when you call, request your free decision guide. and find the aarp medicare supplement plan that may be right for you. but i still have a runny nose. [ male announcer ] dayquil doesn't treat that. huh? [ male announcer ] alka-seltzer plus rushes relief to all your worst cold symptoms, plus it relieves your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! >>> flabbergasted. you can't be serious. i've never seen
about major changes to social security and medicare. you are against it. a new poll shows that 70% are opposed to medicaid spending cuts, 51% oppose raising medicare age. where are you you willing to compromise on entitlements when that part of the conversation is dealt with? >> first of all, social security is not a part of the debt problem. it has its own trust fund. it's well accounted for. it's actuarially sound to 2040 right now. medicare we took care of in the president's bill. in terms of medicaid, there's jostling between the states and the federal government right now, but that's a bigger question that shouldn't be dealt with by the end of the december. that's a bigger question. we've already taken $1.7 trillion in cuts, and the president is put another $800 billion up on the table. i think the democratic side has been very forthcoming in terms the cuts, cuts in a way that will not harm the recovery. zoou for your time. i greatly appreciate you joining us at this point. thank you. both secretary of state hillary clinton and defense secretary leon panetta issued more stern
and examine the push to make changes to social security and medicare. >> brown: then, margaret warner looks at the political strife in egypt, after deadly clashes in the streets and resignations by top officials. >> woodruff: we have a battleground dispatch from a coastal city facing rising sea levels and the next big storm. >> if sandy were to come close r directly into norfolk i think we'd all be in big trouble. >> brown: we assess the latest diplomatic moves to end syria's war, as secretary of state hillary clinton meets with russia's foreign minister. >> woodruff: and ray suarez has the story of a program that aims to put students at low-achieving schools on a path to high school graduation. >> we're here to make things better. we're here to tutor kids. we're here to make sure that they stay on track. we are here to make sure that they graduate. we want to prepare them for high school. >> brown: that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that nnec us. and by the alfred p.
made this happen. they are not saving social security and medicare and medicaid from imminent bankruptcy. jenna: james is live in washington with more. reporter: yes, what is clear is increasingly, the two sides -- the obama, white house, senate democrats on one side, senate republicans on the other, there is a ticking clock involved here. they should be hitting their stride right about now. timothy geithner is trying to avoid plunging of the fiscal cliff. he has made clear that the obama administration is saying that the first order of business has to be to extend tax breaks for middle-class families and raise tax rates for the top 2% of income earners. talks over how to rein in entitlement spending should be held sometime next year. >> the president is asking for $1.6 trillion of new revenue over 10 years. twice as much as he has been asking for the public. his stimulus spending exceeded the amount of new cuts that he was willing to consider. it was not a serious offer. reporter: enter a new player in the talks, stephanie cutter. you remember her? she was the deputy campaign
announcer ] are you considering a new medicare plan? then you may be looking for help in choosing the right plan for your needs. so don't wait. call now. whatever your health coverage needs, unitedhealthcare can help you find the right plan. are you looking for something nice and easy? a medicare advantage plan can give you doctor, hospital and prescription drug coverage all in one plan... for nothing more than what you already pay for part b. you'll also have the flexibility to change doctors from a network of providers dedicated to helping you stay healthy. call now to learn more. unitedhealthcare has the information you need so you'll be better prepared when making medicare decisions. maybe you'd just like help paying for your prescriptions. consider a part d prescription drug plan. it may help reduce the cost of your prescription drugs. remember, open enrollment ends friday, december 7th. call unitedhealthcare to learn about medicare plans that may be right for you. call now. gregg: welcome back. right now a look at some of the crime stories we're keeping a close eye on. authorities say
-called entitlements. many lawmakers and economists have argued it's essential to make big changes to medicare and social security. among those ideas are raising the eligibility age; means- testing for wealthy recipients; cuts in spending and benefits and a bigger role for private competition in health care. max richtman has been arguing against making many of these changes as part of this fight. he's the president of an advocacy group, the national committee to preserve social security and medicare. he joins us now. >> welcome. >> thank you for inviting me. >> first of all, why shouldn't social security and medicare be part of the entire group of government spending programs that are being looked at to get to deal with the deficits? >> well, before i answer that i was very interested in the way you characterized these programs as entitlements. so-called, you said, entitlements. and we think that a better term would be earned benefits. you know, i counted the letters in the word "entitlement." there are 11 letters. often people refer to entitlement as a four-letter word and it's a derogatory,
in medicare. we can cannot just, you know, throw out the safety nets for the average american. they have got to come to some agreement about tax cuts and some of the other areas. the president has offered to do that. he's put, you know, possible tax cuts on the table. we've got to look and see if we can combine not only the tax rate increase with some loophole closings that perhaps will even make up to the 39.6. so there's a lot of ways we can go with this. but let me just warn everybody about this. and that is, that we're not going to support the idea that entitlements are going to be substantially done in or reduced. >> so they are on the table? >> social security is not on the table. >> congresswoman maxine waters of california, thank you so much for spending your time today. >> you're welcome. >>> much more now on the jobs report. joining me is former economic adviser to vice president joe biden, jared bernstein, and ron insana. you heard the speaker and his comments moments ago. this is good for the president, the jobs report, no doubt. he can argue that, my policies have been working,
needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions who have already enrolled in the only medicare supplement plans endorsed by aarp, an organization serving the needs of people 50 and over for generations... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. call toda
, means testing on taxes? medicare for more affluent recipients, excluding my wife? >> let me just say that we would support a balanced approach, and it is important to point out, as senator warner did, that we have done over $1 trillion in cuts in the next 10 years which the president is committed to keeping. with respect to medicare, we do have a very different approach to dealing with medicare. there is no doubt we have to bring down medicare health-care cost growth. the difference is that we believe we should expand on the kind of reforms that we made in the affordable care act, where we achieved billion about $716 billion in savings, not simply by across the board provider cuts, but by changing the incentive structure, the way we pay providers so we focus on the value of care, not the volume of care. i think it is ironic that we have gone in the last four weeks from many of our republican colleagues criticizing the president for having done too much in savings on medicare, $716 billion -- their presidential candidate proposed putting that money back in, in other words adding $716
've got. it takes passion. and it's not letting up anytime soon. if you're eligible for medicare, you might know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help pay some of the difference. and could save you in out-of-pocket medical costs. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral to see a specialist. so don't wait. call now to request a free decision guide to help you understand medicare. and which aarp medicare supplement plan might work best for you. there's a range to choose from, depending on your needs and your budget. and they all travel with you -- anywhere in the country. best of all, you'll be joining the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generation
't enough time left to do a comprehensive deal, including tax reform, fixing medicare. so he wants congress to raise tax rates for the wealthy right now and putting off the hard work to next year. they have 28 days left to make a deal before the country hits what's called the fiscal cliff. that's a combination of across the board tax increases for everyone, coupled with cuts in spending like defense, education, health care, and housing assistance. let's go live to our chief white house correspondent jessica yellin with the very latest. jessica? >> reporter: president obama has now personally turned down speaker boehner's opening offer to avert the fiscal cliff. he did it in a tv interview. what does president obama think of speaker boehner's proposal to avert the fiscal cliff? >> unfortunately, the speaker's proposal right now is still out of balance. he talks about $800 billion worth of revenues but says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> reporter: he won't agree to eliminate a tax deduction for contributions to charity. >> every hospita
of hands around for the holidays. [ male announcer ] are you on medicare? do you have the coverage you need? open enrollment ends friday, december 7th. so don't wait. now's the time to get on a path that could be right for you... with unitedhealthcare medicare solutions. call today to learn about the kinds of coverage we offer, including aarp medicarecomplete plans insured through unitedhealthcare. these medicare advantage plans can combine parts a and b, your hospital and doctor coverage... with part d prescription drug coverage, and extra benefits... all in one complete plan... for a $0 monthly premium. no more than what you already pay for medicare part b. unitedhealthcare doesn't stop there. we'll cover 100% of your preventive services... like an annual physical and immunizations... and you'll have the flexibility to change doctors within one of the nation's largest networks, dedicated to helping you live a healthier life. other benefits can include vision and hearing coverage -- and the pharmacy saver program gives you access to prescriptions as low as $2... at thousands of pharmacies
] are you on medicare? do you have the coverage you need? open enrollment ends friday, december 7th. so don't wait. now's the time to get on a path that could be right for you... with unitedhealthcare medicare solutions. call today to learn about the kinds of coverage we offer, including aarp medicarecomplete plans insured through unitedhealthcare. these medicare advantage plans can combine parts a and b, your hospital and doctor coverage... with part d prescription drug coverage, and extra benefits... all in one complete plan... for a $0 monthly premium. no more than what you already pay for medicare part b. unitedhealthcare doesn't stop there. we'll cover 100% of your preventive services... like an annual physical and immunizations... and you'll have the flexibility to change doctors within one of the nation's largest networks, dedicated to helping you live a healthier life. other benefits can include vision and hearing coverage -- and the pharmacy saver program gives you access to prescriptions as low as $2... at thousands of pharmacies across the country, in retail locations like these.
to issues such as the extension of unemployment benefits, social security, medicare, freidman would have argued that it's the better course to cut spending in those areas now rather than defer indefinitely on making real spending cuts. the current agreement was hammered out in august of 2011. what typically happens is that spending cuts are promised in the future, but they never materialize, the taxes are raised anyway. that is exactly what would happen under this circumstance, taxes would be raised, spending cuts would be promised in the future but when that deadline is reached we won't make the spending cuts. so at this point in time what is really being talked about is strictly a tax increase and freidman would have opposed that. jenna: i don't need to tell you that, there's certainly been critics of milton freidman out there. if you take the criticism together this is what they say. there is a time and police for government, there is a time and place where government can serve the economy, and that was opposed to what milton freidman said, but in general, you know, what do you think
, on reforming those systems to save medicare and medicaid, social security, cutting defense, reforming the taxes, then do not meet -- if he doesn't want to meet halfway, but i've got to tell you, i am heartened with what i saw in the president's tone yesterday. i loved hearing him tell a group of americans yesterday, hey, we're going to get this thing done. i feel good about it. i love that he agreed to sit down with john boehner one on one. richard, you've done negotiations on all levels. i really liked the tone the president was sending. and by the way, i felt like charles krauthammer did a couple of days ago. because the president seemed to be saying -- and you've said it, too, along with geithner -- we won. the other side's going to cave. the president's changing his tone, and i think that is great not only for the american people, i think it's great for the president. >> i think you're right. there's a sense that people have once again remembered the basic rule of negotiation. in a funny sort of way, you've got to help the guy you're negotiating with because you need a partner to succeed. y
programs like social security and medicare. one thing mike talked about the fact we haven't heard much from any of these guys the last few days. i think it's a relatively good sign. we know the president and john boehner have talked but they won't say what about. it's like a code of silence has descended on the white house. the fact we're not hearing much about what's being said is probably a good sign. >> you mentioned some entitlement reforms and social security. a lot of the democrats that i've had on this program have said social security is not on the table at all. means testing, medicare, something entirely different. are you hearing that social security might be something that's also included in the fiscal cliff deal? >> well, i'm hearing the democrats want to block that. they don't want the social security part of the deal. but the republicans are kind of insisting on it. that puts the white house in kind of a difficult position. that's one of the many issues holding up this deal right now. >> the political leverage in all of this, of course, some head pulling, indicating republican
and other health professionals who helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ stuart: it seems like there is less interest in going to the stores. online sales topped $20 billion. that is up 15% compared to last year. twenty-nine days until we fall off the fiscal cliff. timothy geithner says the ball is in the republican report to compromise. >> i cannot promise that. that is a decision that lies in the hands of the republicans. if they recognize the reality that we cannot afford to extend those tax rates, we have a basis of an agreement. stuart: how was that for an introduction. before we launch into your talking points, and i know you well, i want to mention this. the founder of cosco, as you know, he app
and other health professionals ho helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... youefforts result in the quality of care d service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ connell: it is a quarter past the hour, just about. let's go to nicole petallides at the new york stock exchange. nicole: there you go. i am glad it is working. let's take a look at lulu lemon. the stock is actually higher. you think of maybe overpriced deals. they are very good and very good quality. it is based in canada. the stock is to the upside. part of a profit and the analysts expectations. the one thing that we should note is sales growth has actually been slowing. that is not a good sign, the winning numbers therefore lulu lemon. let's take a look at the broader market, as well. we are all waiting on the jobs report tomorrow
in medicare and medicaid. at the white house today, the president met with a bipartisan group of governors pressing his own plan for deficit reduction. that proposal, $1.6 trillion in revenue from tax increases on the wealthy and $600 billion in spending cuts mostly from reductions in medicare. he also wants authority to raise the debt ceiling without congressional intervention. but governors emerged afterwards treading a line between the two sides. delaware governor jack markel, a democrat, is chairman of the national governors association. >> we came not to embrace one plan or the other. we came to make it very clear, a, why it's so important that something happen both on the economic and on the fiscal issue and, b., to make sure that the president, the white house, the administration and members of congress realize that we are willing partners. >> reporter: republican scott walker of wisconsin and other leaders also urged the burden of medicaid spending for the poor not be shifted to the states. >> we hope there's going to be something that happens here in this nation's capital. in the
to pay. she paid into medicare many years. i think all seniors need to be aware and be prepared that this is what will happen to them. that's my experience. host: in philadelphia, rick is a democratic caller. caller: i cannot believe i got through. the last time i spoke with c- span was 2003. give me about a minute and 30 seconds. host: go! caller: i think barack obama should keep doing what he is doing, hold his ground. i think it is cold hearted and evil that these rich people don't want to pay what needs to be paid to keep the country running. everybody in the capital -- what is the definition of entitlement? people in the capital get pensions and free health care for not even doing anything, and personal cars and things like that. so do they want to be a country unto themselves, a country of texas or a country of florida? host: running out of time. we only have about 30 minutes for open phones this morning. i will have to let you go. the hottest property to emerge from obama's victory over the running is not the much lauded campaign theme, is something far more valuable that
. why would you go for that? if you spend $80, the next step from medicare and whatever. i am not saying cut the defense, obviously a republican rayon. if you reform does things, especially the entitlements, what is the expense? how are you going to pay? $200. if it goes through the program. cut the prices on the services. you have absolutely no idea how much it costs. if i go to brooklyn, it will be cheaper. they know how much to charge. in order to create the jobs, you have to go to amend it. host: to write for the call. a lot of people want to wait and it. the number-one priority item, this is from a viewer who says it should be to back fiscal for timber living tax cuts expire, close loopholes, and cut spending across the board. a surprise announcement of senator jim demint who will be leaving the senate after nearly two terms. this is from friday politico. just as on the conference but still, arizona on the independent line. i wanted to call and regarding obama's priorities. i think it should be related to pregnancy. there are too many children being bored. too many do not have the r
, more people are out of work. it means that we do not have money to pay for basic benefits like medicare and social security. it is important to talk about deductions and tax policy in terms of tax reform. john boehner opened the door for that. president obama has indicated no intention of looking at that. host: what deductions would you put on the table? guest: tax reform is not to raise revenue. is to make the tax code less of a drag on the economy. we do that by lowering tax rates and getting rid of some deductions, exemptions, credits. but we do not do it to raise revenue. host: chuck marra, how important our deductions? guest: they are very important. if you get into this notion that they are loopholes, then you look at the very popular deductions the people rely on. they're trying to balance the economic weakness with the long-term needs of the economy, which is that we do face a future of deficits that are unsustainable. we are trying to stabilize the debt has a share of our economy over time. that means about $4 trillion in savings. the good news is, last year, the congress and t
but no inflation to adjustments. republicans also want to raise the eligibility age for medicare. the white house does not. there are other differences. nothing matters more to the white house than breaking gop resistance to higher taxes on the wealthy. >> the president certainly has principles here that he intends to stick to which is that he will not sign an extension of the bush era tax cuts for the top 2%. >> erskine bowles said as big as the divide appears, despair is premature. >> that is just like a movie theater you go through each one of these. to get a deal done i am positive you will have to have increased tax rates on the top 2%. i'm also sure that the cuts that the president put on the table for health care entitlements will not be sufficient to get the deal done. >> reporter: republicans said many of their ideas reflected ideas put forward first by erskine bowles, but mr. bowles quickly put out a statement denying that, giving the white house an opportunity to gloat and question the republican seriousness in all of this. here at the white house, th
't be sound and solvent for future generations. for example, medicare's hospital services program is in serious financial trouble. in a report this spring, the medicare trustees cautioned that the trust fund that covers the program's hospital services will be depleted and consequently insolvent by 2024. the fact is, we can accomplish entitlement reform in a way that doesn't change programs for people at or near retirement yet ensures that those programs will be there for our children and grandchildren down the road when they need them. republicans and democrats should be able to come together, as should older and younger americans, because thoughtful entitlement reform is in everybody's interest. and, finally, we need to control our spending. our federal deficit for the fiscal year 2012 was $1.1 trillion, and our national debt is now more than $16 trillion. that is unsustainable. more revenues from tax reform and economic growth combined with entitlement reform and controlling spending will reduce our deficit and our debt, and there is no question that we can do it. for example, w
with entitlements, medicare, medicaid, social security, the real problem here, they say flat out, we're not going to do that. you have some differences with the democrats as well. >> no question. there's division of plenty on capital hill, b u this president is giving a clear impression that he doesn't care what anyone else thinks, democrat, republican, the senate, the house, his team, he'll plunge ahead over the cliff. am i missing something, chris? >> no, that's what he would like most of all. the thing that barack obama would like most of all, and i don't mean this to say that he doesn't love america or whatever else, but what i mean, is that the president is advantaged hugely on the other side of the fiscal cliff. if he can get republicans to join hands, jump, and be on the other side, all the tax rates go up issue and he's negotiating from an advantaged position. if he kept debt that, what he would hope is he can force republicans into app auto fade op the question of tax rates and have the party consume itself ahead of midterms with primary challenges before the 2014 so he's, right now, on
to the hospital. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. but when i was in an accident... live the regular life. i was worried the health care system spoke a language
away all day. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. [ coughs ] [ baby crying ] ♪ [ male announcer ] robitussin® liquid formula soothes your throat on contact and the active ingredient relieves your cough. robitussin®. don't suffer the coughequences™. (announcer) when subaru owners look in the mirror, and the active ingredient relieves your cough. they see more than themselves. so we celebrate our year-end with the "share the love" event. get a great deal on a new subaru and 250 dollars goes to your choice of five charities. by the end of this, our fifth year, our total can reach almost 25 million dollars. it's a nice reflection on us all. now through january 2nd. aww, not the mall. well, i'll do the shopping... if you do th
at the army of aarp representatives that ensure that programs like medicare and social security, programs that take up something like 50% of our federal budget will remain intact and won't be subjected to the necessary reform to last for young people to ever reach them. the problem is that young people don't think life goes on after the age of 30. if you're on twitter and facebook, that's a long way away. why are you worried about entitlements? >> the funny thing is that president obama is using social media to do the exact same thing. for example, he will visit a virginia middle class family today. they were part of his twitter verse. that's why he chose them. he must think that talking to average americans might force republicans to change their minds about raising taxes on the wealthiest americans. >> well, if the most recent election is any indication, president obama is dead on right. he was -- he and his team were masters at social media in getting elected. and using social media to spread his message in nontraditional ways, ways that will be traditional in every election going forw
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